Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S03GROUP2 en-us 2016-04-06 00:45:43 UTC 2026-02-25 10:21:57 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259960 Ms Lee: Hi]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259960 Conclusion lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259961 The concurrent fall in demand and increase in supply would reinforce each other to cause a sharper fall in equilibrium price. However, the effect on equilibrium quantity is indeterminate as it depends on the relative extent of changes in demand and supply. If the fall in demand is greater than the increase in supply, equilibrium quantity will fall. On the other hand, if the fall in demand is smaller than the increase in supply, equilibrium quantity will rise.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259961 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259962 At the new equilibrium E2, equilibrium price falls from P1 to P2 and equilibrium quantity falls from Q1 to Q2]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259962 Body: Using the market adjustment process, explain how the shift(s) changes the equilibrium price and quantity (Explanation of diagram): lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259963 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". 

At original price P1, the quantity supplied is more than the quantity demanded. A surplus occurs, causing a downward pressure on the price. As price decreases, the quantity demanded would rise and the quantity supplied would fall until the new equilibrium is met at E2]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259963 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259964 The demand curve will shift leftwards due to a decrease in demand, ceteris paribus. The supply curve will shift rightwards due to an increase in supply.
The shift in demand will be in a larger extent than the shift in supply.
As there are more and more coffee drinkers in the market, most of them will drink robusca as a start of their coffee drinking life,the demands of arabica will decrease. Major companies which represents arabica beans population size, as they are the main people who requires arabica beans for blending, thus when this companies change the beans to robusca, there will be a large decrease in demand, as the amount of beans they used are much more than what an individual will use. Thus even though there is an increase in supply, major companies which dont uses them anymore, will caused farmers to have many arabica beans which previously used by the major companies."Vietnam has gone from growing almost nothing a decade ago to producing 25m bags of robusta beans a year today. The result is an oversupply of coffee" To add on there is already a large surplus of coffee beans, thus further affecting arabica beans farmers. Thus demand curve will shift at a larger extent than supply curve.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259964 Body: Identify and explain whether the factor/event shifts the demand or supply curve. (2 Demand + 1 Supply or 2 Supply + 1 Demand) lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259965 As stated in the text"Many Brazilian and Colombian farmers invested to boost production of arabica in response to the high prices of 2011", farmers though there was a large demand in arabica coffee after earning higher total revenue, this have resulted them in investing in the technologies to increase production of coffee beans, however they didn't expect demand to decrease after a few years. Thus, farmer are facing a problem as they have increased the production of coffee beans, resulting an increase in supply of arabica beans, ceteris paribus.

"And good weather in Brazil means that this year's crop has turned out to be unexpectedly large" , with a good weather, which meant that was a high crop yield, as most of crops were harvested, not much of the crops were destroyed, as a result supply of arabica beans will increase, ceteris paribus.

"They have taken to blending cheaper robusta beans into their products to maintain their margins" Major big food company like Nestle, arabica coffee users, have mixed robusca beans into their blend, to increase their profit, as robusca is cheaper than arabica. As a result of a substitute, which is good which satisfy similar needs or desire at a lower price. More people will opt for robusca which is a cheaper option, thus demand of arabica beans will decrease, ceteris paribus]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259965 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259966 Initially, the market is in equilibrium at E1, at the intersection of demand (D1) and supply (S1). The initial equilibrium price and quantity is at P1 and Q1 respectively.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259966 Introduction lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259967 Explain market mechanism:
The market mechanism works through the interaction of the market force of demand and supply to determine the equilibrium price and quantity of  in coffee beans in Brazil.

Define demand:
Demand is defined as the amount of a good that consumers are able and willing to purchase in a given period of time at various prices.

Define supply:
Supply is defined as the amount of a good that producers are willing and able to produce in a given period of time at various prices



]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259967 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259968 Dear Students,

Welcome to Home-Based Learning 2016!

By now, you should have the list of the team members in your group. Each team will analyse 2 articles below to identify 3 evidence/information (2 Demand + 1 Supply or 2 Supply + 1 Demand factors)  to answer the following essay question:

a) With reference to the 2 news articles, explain the fall in prices of coffee beans in Brazil.

To discuss the answers with your group members, double click anywhere on the wall and a virtual "sticky note" will appear at the top. From, enter your name, then you can use the "sticky note" to "chat" with each other. 

For example, Miss Lee: I don't think that is a non-price factor that affects demand. Please remember to write your name before the statement :) 

Lastly, please identify these non-price determinants of demand & supply by quoting the relevant phrases from the article. 

For example, as stated in article 1, "the recession in Europe has hit demand". After quoting the evidence for the article please proceed to explain how this non-price factor affects demand or supply with economic rigour. 

I have provided some scaffolding statements to guide you in your essay development. Address each statement by writing the essay segment in the respective sticky note. Press the pencil button to write the respective essay segment.

]]> 2016-04-04 06:06:48 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259968 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259969 Objective - Students will be able to identify and explain how the demand and supply factors affect the market for coffee beans.]]> 2016-04-04 06:04:45 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259969 Group name: lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259970 Please write out the names of the members in the group.
1. Javier
2. Gordon
3. Ihsan
4. Zhi Han
5. Yan Jie]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259970 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259971 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259971 News Article lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259972 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259972 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S03GROUP2/wish/104259973 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S03GROUP2/wish/104259973